Elliott Wave Stock Market Update - November 25

Another day, another all time high. There is simply no sign of stopping this rally in the near future. The only bearish factor is the market being oversold and the waves being stretched on an extended 5th. Maybe there will be some news next week that can be used by traders to correct the market. Maybe it will be the recount being sought by the Green Party?

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish
Medium Term Trend = Bullish

Long Term Trend = Bullish

* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking